BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0115%/8h= −12.6% APRnext payment −$0.14 per $10,000 · paid last 24h −0.058%

Price spread now: ApeX Omni against Hyperliquid+0.005%65s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.309% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.138%+$14 · spread now +0.005%, 7d avg +0.025%

Together, before fees+0.134%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.020% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.025%). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BNB	806.74	0.0215	pay 0.0027% / 1h	14m 17s	$52.0M	$21.9M	10x
Short	ApeX Omni BNBUSDT	806.78	0.0100	get 0.0013% / 1h	14m 17s	$159K	$437K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now +0.005%Rate

Funding earned: −$24.14
Price spread: +0.005% → +0.025%: −$2
Slippage, 4 orders: −$11.93
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$57.07
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; ApeX Omni: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 9 min ago	0.06 bp	5.9 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 8 min ago	3.47 bp	8.5 bp −$8	28.9 bp −$289	doesn't fit	doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0195% / S +0.0371%	1h	806.00	−0.092%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.58	−0.020%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	807.11	+0.046%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.60	−0.017%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.22	−0.064%	$871K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.03	−0.088%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	806.13	−0.075%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0050%	8h	805.71	−0.127%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0054%	8h	806.17	−0.071%	—	$34.6M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	805.70	−0.129%	$139.9M	$82.1M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	806.90	+0.020%	$610K	$883K	50x	as long as short
Lighter BNB	+0.0096%	1h	806.28	−0.057%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	806.61	−0.016%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.90	−0.104%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.43	−0.039%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.90	−0.104%	$55.2M	$116.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.40	−0.042%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.95	−0.098%	$36.1M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.93	−0.100%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.61	−0.140%	$79.1M	$24.7M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	807.21	+0.059%	$4.2M	$77.1M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	806.78	+0.005%	$159K	$437K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	805.92	−0.102%	$114K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.05	−0.086%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.26	−0.059%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.59	−0.018%	$14K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	806.50	−0.029%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.22	−0.065%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.70	−0.004%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.74	−0.125%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.15	−0.073%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0114%	8h	806.90	+0.020%	$84.7M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	806.60	−0.017%	$521.3M	$806.0M	75x	as long as short
Phoenix BNB	+0.0125%	1h	806.89	+0.019%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0128%	8h	806.69	−0.006%	$70.4M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0197%	1h	806.20	−0.067%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	806.28	−0.056%	$1.2M	$1.5M	20x	as long as short
Hyperliquid BNBlong	+0.0215%	1h	806.74	long leg	$52.0M	$21.9M	10x
Bulk BNB-USD	+0.0217%	1h	806.94	+0.025%	$652K	$11K	10x	as long as short
BloFin BNB-USDT	+0.0234%	8h	807.00	+0.032%	$18.8M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0239%	1h	806.40	−0.042%	$171K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	806.39	−0.043%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	805.68	−0.131%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	806.76	+0.002%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.229%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0651%	1h	807.02	+0.035%	$3.0M	$5.5M	40x	as long as short